Startups can use attorneys to advise on business formation, tax implications, M&A, help negotiate funding, and handle employment issues. Today I will discuss business formation – specifically the Limited Liability Company (LLC).The most popular and flexible business entity is the LLC. LLCs are so popular because they offer a wide array of benefits: easy of formation; limited liability for business debts; and -most importantly- pass through taxation. Why file 2 tax returns if you don’t have to.
In the past, equity crowdfunding, where you sell a piece(s) of your business in exchange for cash, has only been available to accredited investors, or those investors who meet sufficient levels of wealth. As of Monday, May 16, everyone is now able to participate in equity crowdfunding. As long as an individual has the cash and the interest, he or she can now be a startup investor. That opens up a whole new pipeline of capital for startups, and opens up a new world of possible missteps for
I live in D/FW and we have an amazing startup community. Literally from Dallas to Ft. Worth and everywhere in between there is something to do with startups. From coworking spaces meet and work groups to networking happy hours – Dallas even has is own Startup Week. This place loves startups and small businesses: and so do I.